Puerto Rico (US)'s chemicals (% of value added in manufacturing) was 29.16% in 2023, the latest year in the World Bank's World Development Indicators. That is down 9.37 percentage points from 38.54% in 2018.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 29.16% | 2023 |
| Five years earlier | 38.54% | 2018 |
| Highest | 62.04% | 2005 |
| Lowest | 29.08% | 2021 |
| Average since 2016 | 35.44% | 2016–2023 |
| First recorded | 43.07% | 1989 |
Over five years it is down 9.37 percentage points from 38.54% in 2018. Since 1989 it is down 13.9 percentage points from 43.07% in 1989. The World Bank has no value for 9 of the years in between; the chart leaves those gaps open rather than joining across them.
What the numbers say
In 2023, Puerto Rico (US)'s chemicals (% of value added in manufacturing) fell 1.87 percentage points on 2022 (from 31.04% to 29.16%).
Across the 23 yearly changes before that (1990 to 2022), the average change was +0.41 percentage points and a typical year strayed about 2.58 percentage points from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 4.7 percentage points in 1998 and the biggest yearly fall was 8.74 percentage points in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2023 the straight-line trend is downward, about 1.77 percentage points a year. A straight line explains 81% of the movement over 8 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Puerto Rico (US) had the 5th highest value of the 60 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Puerto Rico (US) in the 2023 ranking
- Oman — 2nd of 60: 39.54%
- Switzerland — 3rd of 60: 33.31%
- Belgium — 4th of 60: 33.28%
- United Arab Emirates — 6th of 60: 28.91%
- Senegal — 7th of 60: 19.46%
- Colombia — 8th of 60: 18.01%
What this measures
Manufacturing of chemicals and chemical products includes industries classified in ISIC (Rev. 3) division 24. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed as a percentage of value added in manufacturing which is the contribution to the economy by the manufacturing sector (ISIC Rev. 3 major division D).
Limitations: In establishing classifications systems compilers must define both the types of activities to be described and the units whose activities are to be reported. There are many possibilities, and the choices affect how the statistics can be interpreted and how useful they are in analyzing economic behavior. The ISIC emphasizes commonalities in the production process and is explicitly not intended to measure outputs (for which there is a newly developed Central Product Classification). Nevertheless, the ISIC views an activity as defined by "a process resulting in a homogeneous set of products."
All 26 values
| Year | Chemicals (% of value added in manufacturing) |
|---|---|
| 2023 | 29.16 |
| 2022 | 31.04 |
| 2021 | 29.08 |
| 2020 | 37.81 |
| 2019 | 38.25 |
| 2018 | 38.54 |
| 2017 | 39.34 |
| 2016 | 40.33 |
| 2015 | no data |
| 2014 | no data |
| 2013 |
Chemicals (% of value added in manufacturing) in nearby economies
More economic policy & debt data for Puerto Rico (US)
- GDP (current US$) — US$129.37 billion (2025)
- GDP (current LCU) — 129.37 billion (2025)
- GDP (constant 2015 US$) — US$99.53 billion (2025)
- GDP (constant LCU) — 103.86 billion (2025)
- GDP per capita (current US$) — US$40,620 (2025)
- GDP per capita (current LCU) — 40,620 (2025)
- GDP per capita (constant 2015 US$) — US$31,250 (2025)
- GDP per capita (constant LCU) — 32,612 (2025)
- GNI (current US$) — US$87.57 billion (2025)
- GNI (current LCU) — 87.57 billion (2025)
- GNI per capita (current LCU)
Reading data like this
Questions people ask
- What is Puerto Rico (US)'s chemicals (% of value added in manufacturing)?
- 29.16% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1989?
- It is down 13.9 percentage points from 43.07% in 1989. The highest value was 62.04% in 2005 and the lowest 29.08% in 2021.
- How does Puerto Rico (US) rank?
- 5th highest of 60 economies with data for 2023.
- Is the latest change in chemicals (% of value added in manufacturing) unusual for Puerto Rico (US)?
- In 2023, Puerto Rico (US)'s chemicals (% of value added in manufacturing) fell 1.87 percentage points on 2022 (from 31.04% to 29.16%). Across the 23 yearly changes before that (1990 to 2022), the average change was +0.41 percentage points and a typical year strayed about 2.58 percentage points from that (the standard deviation). This year's change was 0.9 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NV.MNF.CHEM.ZS.UN, licensed CC BY 4.0. Original source: International Yearbook of Industrial Statistics, UN Industrial Development Organization (UNIDO) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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